Edition:
United States

Burckhardt Compression Confirms 2017 Sales And EBIT Margin Outlook


Tuesday, 9 Jan 2018 12:35am EST 

Jan 9 (Reuters) - Burckhardt Compression Holding AG ::EXPECTS CONSOLIDATED SALES FOR FISCAL YEAR 2017 TO REACH THE PRIOR-YEAR LEVEL AND THE EBIT MARGIN TO RANGE BETWEEN 6% AND 9%.PRESENTS ITS MID-RANGE PLAN – SYSTEMS DIVISION WILL MAINTAIN ITS MARKET LEADERSHIP – GROWTH WILL COME FROM THE SERVICES DIVISION.AIMING FOR APPROXIMATELY CHF 700 MILLION IN SALES BY FISCAL YEAR 2022, SPLIT FAIRLY EVENLY BETWEEN THE TWO DIVISIONS, WITH AN EBIT MARGIN OF 10 – 15%.